Friday, May 24, 2019 3:46:05 PM
And it will NEVER make money.
You cannot have a $38.5 MILLION Loss on $1.92 MM in Revenues.
"oh its all start up costs" No that was covered in the last 8 years before 20187 of 100 MILLION DOLLARS.
Only NOW Detective Thorne finds mortgages on ALL THE CAPITAL ITEMS--nothing is owned.
Next in direct operations you cannot sustain these losses which oddly seem largely unaffected even with NO or very low Revenue.
What do you have to spend all this money to grow and sell weeds--Kenaf And Hemp?
So we have a company now at $150,000,000+ in accumulated losses and a couple of million in sales.\\
The company surviving on shares outstanding increases also CANNOT BE SUSTAINED.
So the company really doesn't OWN in monetary Value any assets-- they are all leveraged and mortgaged--BY THE FACTS.
If you really net out the company the True net assets are:
Total assets (rounded) $20,899,000 less total liabilities $15,980,000 which = $4,903,000 In that number is 1.8 MILLION of "Software" a non performing asset with no auditors opinion on valuation.
With $4,855,000,000 shares +/- that makes the book value per share of 0.001009 AT BEST, and being reduced every quarter.
And that is what you will be left with when the music stops.
Actually worse there are all kinds of "Preferred" shares some with 10 to 1 conversion rights, 100's of MILLION extra shares not reflected in the O/S!!~!
Tha's what will be left after SEC/DOJ Trials and investigations.
If you can stand the pain, look at this.
The real companies, revenues and leaders in CBD /HEMP a lot bto read, just look at a couple--you'll get it.
https://newfrontierdata.com/tag/cbd/
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